Two-Unit Duplex with
For Sale
$875,000
128 Fahy Ave, Staten Island, NY 10314
Each residence has its own utilities, heating, and hot water systems, with central heating and cooling throughout.
Property Size2,600 SF
Lot Size0.08 Acres
Days on Market8
Property Features for 128 Fahy Ave
General Information
Standard status
Active
Size
2,600 SF
Lot size
0.08 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,340
Building Details
Building Size
2,600 SF
Year Built
1987
Buildings
1
Stories
3
Listing Agency:
RE/MAX Edge
Listed By:
ChuChu(Tina) Chen · License #10301220844
(718) 612-3088
Source:
Elliman
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 11 at 8:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
Investment Insights
Based on property information with market context.
This 1987 duplex contains two residences: a main unit with 3 bedrooms and 1.5 bathrooms, and a lower-level unit with 1 bedroom, 1 full bathroom, a living area, and a kitchen. Both kitchens were updated approximately 2 years ago. Separate heating and hot water systems serve the units, and the property also has central heating and cooling. The roof is approximately 4–5 years old.
The property occupies a 32-by-105-foot lot and includes a built-in garage, a private driveway with space for 5+ vehicles, and additional basement area for storage or utilities.
The property occupies a 32-by-105-foot lot and includes a built-in garage, a private driveway with space for 5+ vehicles, and additional basement area for storage or utilities.
Key Highlights
- Two residences: a 3‑bedroom, 1.5‑bath main unit and a 1‑bedroom, 1‑bath lower‑level unit
- 32′ × 105′ lot
- Separate heating and hot water systems for each unit; central heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,914
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,418,280
$1.4M
Cap Rate 7%
$1,013,057
$1.0M
Cap Rate 9%
$787,933
$787.9K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$106.1K $40.80/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$101.3K $38.96/SF
− OpEx
−$30.4K −$11.69/SF
NOI
$70.9K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,418,280
Cap Rate 7%
$1,013,057
Cap Rate 9%
$787,933
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.4K – $1.18M
NOI $70,914 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$939.4K
$822.0K – $1.10M
NOI $65,757 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,841 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own utilities, heating, and hot water systems, with central heating and cooling throughout.
Where is this duplex located?
The property is located at 128 Fahy Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 1.5‑bath main unit and a 1‑bedroom, 1‑bath lower‑level unit; 32′ × 105′ lot; Separate heating and hot water systems for each unit; central heating and cooling
